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" weather brought to you by unite health care. ♪ you yourself and i eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an
an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement plans help cover some of what medicare doesn't pay -- expenses that could really add up. these kinds of plan
out a tough package of spending cuts. for instance raising medicare's eligibility age for the first time in the program's history most likely by two years from 65 to 67 the move would not apply to americans who are close to retirement now. it would be phased in for younger workers such as maggie, a virginia health club manager who just turned 50 last month. >> i think the biggest factor for me is when are you going to retire so you lose your insurance from work and if it goes to 67 you have this two- year gap. what are you going to do? >> reporter: when medicare was created in 1966, the average life expectancy for men was 67 years, today it's 76 and women live on average to 81. one recent study by the kaiser family foundation estimated that shifting medicare eligibility from 65 to 67 would save the federal government $5.7 billion a year. 65 and 66-year-olds would pay an extra $3.7 billion a year to ensure themselves. the employers would pay billions more. >> it would finally bankrupt me. >> reporter: 45-year-old linda shulte is a florida realtor and breast cancer survivor who has st
no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this is a camp david-style summit might help things move around. a senate republican told greta van susteren it's time to be honest about retirement benefits. >> you and i need to pay a little more into the system because we can afford it. that is the kind of entitlement reform we need. >> reporter: that gets older americans and their groups all worked up thinking you could be messing with their benefits. jenna: a hot toeupb hot topic, and taxes. it seems they nee
're eligible for medicare, now is a good time to think about yr options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like alltandardized medicare supplement plans, they cover some ofhat medicare dsn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and pr
achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ >> pelley: couples all over america are waiting for six men and three women to tell them whether they have a constitutional right to marry. chip reid has the story. >> reporter: tom watson and jeff tabaco have been together ten years and would like to make ofir relationship official. ur it's always been our dream to marry the person that we love and to commit our lives to each other. >> reporter: but as residents of california, they can't because four years ago california vote
if you're medicare eligible, call now... and talk to unitedhealthcare about our plans, like aarp medicarecomplete. let's get you on the right path. call today. ♪ jenna: right now the white house and congress have just one month to prevent tax hikes and spending cuts that really could send the economy according to some right back into a recession. we are glad you are with us on this friday, everybody, i'm jenna lee. jon: i'm jon scott. president obama offering his opening bid to avoid the fiscal cliff but it's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put
the trigger. stay tuned. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across
't miss this. shopping for medicare coverage? don't wait. open enrollment ends december 7th. now's the time to take action. call unitedhealthcare today. >>> now to egypt. several new developments today. first off, dmon straights prompted the u.s. to shut down the embassy there. the embassy was not under fire but clashes between protesters and riot police clogged streets around the complex. this chaos is going on for days as demonstrators threatened the new islamic president morsi with a second revolution. >>> and then there's this. lawmakers dominated by islamists are now rushing to draft a new constitution. this move is seen by some of morsi's critics as an effort by the muslim brotherhood to hijack the constitution. and amid all of this, president morsi is on the cover of "time" magazine. "time" calls him the most important man in the middle east and boasts an exclusive interview credited with getting israel and gaza to end fighting. let's bring in the "time" bureau chief and got the interview and joins us from tel aviv. thank you for joining us and why is morsi the most import
? are you willing to change the model for medicare over the long term in order to get there and these numbers, are you willing to do that in entitlement reforms in these negotiations? >> well, martha, we've always said that we will look at medicare reform and modernization. we actually took a first step towards doing that as part of the affordable care act. the congressional budget office has been very clear on that. martha: that didn't sound too promising. we are joined by john fune moments away we'll find out what republicans are willing to do. we'll be right back with "america's newsroom." -p martha: treasury secretary tim geithner is set to meet with party leaders in less than one hour from now. negotiations continue today on this looming fiscal cliff issue that is extremely important to get solved. republicans say they are willing to put new revenues on the table but only in exchange for real entitlement reform but democrats say that can't come until way down the road. several conservatives say the gop already lost the battle on the budget. charles krauthamer thou
] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. liberty mutual insuranc
've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generation
. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. ♪ ♪ on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. go to our website below to get u-verse high speed internet for just 14.95 a month for 12 months with a one-year price guarantee. it's all the speed you need all at a great price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. go to our website below to get at&t u-verse high speed internet for ju
with something perhaps a higher cap on medicare payments? would you accept something like that? >> i think those are all part of the discussion here, and we'll be open to a lot of different things as long as we get the big deal on this, that we make those type of reforms. i'd rather see tax reform than just saying we're going to increase the rate on the top level from -- >> i know you would. >> -- 35 to 38. >> that won't work. the liberals will never deal with you unless you raise the rates. they want to see the bite marks on your neck. they want to know you guys defending the rich will pay a price before they will pay. the pelosi core of the democratic party will not deal if the president doesn't get a rise in the rates for rich 350e78. >> we feel the same way about them. we don't trust they will have ernest discussions about tax cuts -- i'm sorry -- about real spending cuts, and so setting -- >> let me bring in mr. -- >> just isn't going to work. >> i don't know about this game of who is first. somebody is going to have to go first. let me ask you plshtion conley, how do you react to what he's
$600 billion in save frtion medicare reform and other spending cuts and it also suggests raising $800 billion in revenue through tax reform instead of increases, but it just will not budge on raising those taxes on the wealthiest 2% of americans. and that is why democrats aren't budging. >> we're glad to finally see republicans joining in the negotiating process instead of watching from the sidelines, but while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class to protect unnecessary giveaways to the top 2% is doomed from the start. it won't pass. democrats won't agree to it, president obama wouldn't sign such a bill, and the american people won't support it. >> so let's bring in dan lothian because he's at the white house where the president is just about now meeting with a group of state governors. we'll get to that in a moment. first, is there anything else in the republicans' proposal that's getting under the skin of the democrats? >> reporter: well, you know, there are obviously a lot of things in that proposal tha
the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican counterproposal today is long on reducing the deficit and saving big on medicare, but it leaves the two sides still hundreds of billions of dollars apart and they are not close on the basic approach to solve the fiscal cliff. in a letter to the president, house republicans called their offer a fair middle ground. it's a ten-year framework that cuts the deficit by $2.2 trillion. it includes $600 billion in health care cuts-- mostly medicare and medicaid-- $300 billion in other mandatory spending and $300 billion in cuts to all other federal spending. by contrast, the president has proposed around $600 billion in cuts to all entitlements, including medicare and he'd reduce other federal spending by $100 billion a year. the president has also p
-- >> stephanie: these two guys, whatever their names are they said despite sweeping changes to medicare and medicaid, paul ryan's budget didn't make deep enough cuts to entitlement. those guys. yeah, that wasn't quite mean enough. [ applause ] >> i would be surprised if boehner kept his leadership position in the next congress. >> stephanie: really? >> yeah. because he's not -- >> stephanie: i picture eric cantor rubbing his hands together like snidely whiplash. >> he can't keep the caucus together. the republicans are famous for staying together. he can't keep them together. >> flabbergasted! >> that's doing a bad job. >> stephanie: he's flabbergasted at his own caucus. [mumbling] >> stephanie: by the way doesn't he get drunker every day? hey, john in new jersey, go ahead. >> caller: i'm john weston and i'm dyslexic. i thought what they did in congress was a national tragedy. i did -- the thing i'm saying is these republicans really look like they're totally nuts. and one thing i will tell you is i'm still dealin
of the actual national debt. neil: you're right. unfunded liabilities and medicare, medicaid. >> medicare, medicaid, neil: you only boom your way out of that, right? governor davis, what do you see now that could boom us out of this? because that's the really only way. you can only cut so much, i don't know. there is a lot more roommto cut i think but you're closer to this an than i am. in order to help thing according to governor wilson's point you need to grow. i don't see any prescriptions in this state or for that matter in washington that hints of a growth strategy. >> well, first of all let's give credit where credit is due. i think you hinted at this, neil. california cut $11 billion out of its budget. $25 billion. governor cut 11 doll billion. he raised taxes 6 billion. he didn't go to voters without doing everything he could to make pension reform changes or substantial cuts. i'm not sure that happened in washington. i do not believe this is open door policy and every tax will be passed. people said this is one-time important event. cutting universities in particular will threate
. they would cut medicare. they would cut $600 -- medicare meaning they would raise the age eligibility from 65 to 67. they would cut $600 billion in unspecified cuts. they'll cut spending. they don't tell us where. but it's not defense spending. those are social programs. they would cut another $800 billion or raise $800 billion in revenues they say by closing loopholes and getting rid of deductions. but again they don't tell where. what loopholes they would close. is it the mortgage interest deduction? we don't know. they do not specify. so again it is a lot -- it is filled with vague promises but here's the big difference. notice what is not included and what they say they will not do. they will not raise tax rates. they will not raise taxes on the top wealthiest 2% of americans. they say no way. no how will that be included. they're dead wrong. they're wasting time. when i saw that proposal yesterday, to coin a word, you know what my reaction was? i was flabbergasted! oh, my god. i was flabbergasted. >> thank you
a solution to save social security or medicare. can't even get democrats or house senators to vote for his plan. we haven't seen his plan. that's a real tragedy. the president, it's incumbent on him. he won, time for him to govern, show the american people his balanced plan. he talked about it all the time. we know where he wants to increase revenue. he raised revenue about $75 billion, but where's he going to get the other 93% of deficit reduction? really what is his plan for restoring growth to the economy? miserable economic growths under his policies. >> greta: we're running out of time. i'm hard on both sides of the aisle on this, because they've known about this problem since july or august of last year, not six months ago, but of 2011. >> there was a bipartisan plan to save medicare. we've passed cut, cap and balance. we voted for things. the american people know where we stand. it's time for the president to put forward his plan. >> greta: i understand that. i'm harsher on him for not having a plan at all, but part of leadership on both sides of the isle, yo aisle, you know thr sid
and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >> it it's been a tough season for the kansas city chiefs in the nfl and yesterday, a player committed murder and suicide and with that on their minds, chiefs played the game. the death of linebacker jovan belcher and his girlfriend. a moment of silence just before the game today in honor of all the victims of domestic violence. no mention of belcher by name. police say belcher shot and killed his girlfriend cassandra perkins at their home and then drove to the chiefs training facility near arrowhead stadium, took out a gun and shot himself in front of his coach and general manager. belcher and perkins were parents of a three mon
to pay. she paid into medicare many years. i think all seniors need to be aware and be prepared that this is what will happen to them. that's my experience. host: in philadelphia, rick is a democratic caller. caller: i cannot believe i got through. the last time i spoke with c- span was 2003. give me about a minute and 30 seconds. host: go! caller: i think barack obama should keep doing what he is doing, hold his ground. i think it is cold hearted and evil that these rich people don't want to pay what needs to be paid to keep the country running. everybody in the capital -- what is the definition of entitlement? people in the capital get pensions and free health care for not even doing anything, and personal cars and things like that. so do they want to be a country unto themselves, a country of texas or a country of florida? host: running out of time. we only have about 30 minutes for open phones this morning. i will have to let you go. the hottest property to emerge from obama's victory over the running is not the much lauded campaign theme, is something far more valuable that
medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion or greater swing. that means a combining of many things. i think both of them are in the two or not much more than two or lower than two. that only goats you halfway there. i don't know how we got off track of what we really need to fix this. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care have been hurting the company's bottom line. the head of darden says part of the blame is the negative cover
offered $400 billion in cuts to medicare and other entitlement programs. today john boehner basically said, go fish. >> was not a serious proposal. and so, right now, we're almost nowhere. >> just when we needed someone to not say hey, mom, he was nasty so i can be, too. boehner, like geithner, leapt to the extreme. republicans, the best response to a nonstarter could be to put a real thoughtful compromise deal on the table. an alternative. and as for mr. geithner, he wasn't alone either. remember, mr. president, the promise you made during the campaign? >> the way we do it is $2.50 for every cut, we ask for $1 of additional revenue. >> 2.5 to 1. that means you'd need $4 trillion in spending cuts to match the $1.6 trillion in additional revenue. but you only offered $400 billion, which, of course is $3.6 trillion short before you even get to the stimulus plan and other spending items. ethan pollak, steven moore, you guys ready to play? >> sure. >> we are. >> i know you spoke to our producer today and he seems to think nobody can beat him at this game. the best in the world. let's get strai
$250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this was conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romney at the final debate, the last time they shook hands, until today, when the president hosted a kind of "bury the hatchet" lunch at the white house. the two men promised to work together on shared
ingredient relieves your cough. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. ♪ ♪ >>> well, some toys are under attack this holiday season. and not for the usual reason, which is often safety. this time, it's about marketing. and the idea of girls' toys and boys' toys. >> there's one, young girl leading a fight because she wants to give her brother an easy-bake oven for christmas. abc's tanya rivero is on the story this morning. good morning. >> reporter: good morning. this is example of one of the toys coming under fire this holiday season. it's a beauty salon. and critics say it displays girls in stereotypical roles. many experts say mixing up toy options for girls and boys could be a good thing. one very concerned big sister is sta
at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact and won't be subjected to the necessary reform to last for young people to ever reach them. the problem is that young people don't think life goes on after the age of 30. if you're on twitter and facebook, that's a long way away. why are you worried about entitlements? >> the funny thing is that president obama is using social media to do the exact same thing. for example, he will visit a virginia middle class family today. they were part of his twitter verse. that's why he chose them. he must think that talking to average americans might force republicans to change their minds about raising taxes on the wealthiest americans. >> well, if the most recent election is any indication, president obama is dead on right. he was -- he and his team were masters at social media in getting elected. and using social media to spread his message in nontraditional ways, ways that will be traditional in every election going forw
deal from country downouse that deal with medicare, medicaid and social security which are all going to fail and take this country down the road of grief. and until i hear something from the white house on that, i'm not going to say another thing on revenue. >> mr. obama will meet with his v vanquished republican rival, mitt romney. it's been several weeks, after all, since the election night when president obama vowed to ph.t with mitt romney. ga major garret, thank you. john dickerson is with us. at , good morning. there is a lunch at the white ofse. ossiblethe courtesy of it all, is it possible that something might come out of this like romney helpingy helping the president in some way? some >> something could come out of it. white house officials i've alked to say there's no agenda. ng todon't want to prejudge what eovernor romney might be innedsted in. the president in his press conference said there were some confer good ideas that governor romney had. you could get a little something out of this. we'llt this in the category of a formality and we'll look how ugh their picture i
medicare companies... and become the first and only national medicare advantag company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love u, grandma! [ male announcer ] humana. ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity'snalytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fility guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.
. phillips'. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> senator john kerry is firing back at senator rick santorum. it's all about this. opposition to a u.n. treaty. one that a lot of people thought was a no-brainer. it was about the rights of the disabled all over the world. we brought you this story yesterday. senate republicans rejecting this treaty on tuesday despite the fact that one of their own, bob dole, bob dole, a former majority leader, came to the floor in a wheelchair trying to draw support for this treaty. he was being pushed by his wife and made an impassioned plea. senator santorum explained opposition to this treaty in a piece published in "the daily beast." in part he says this. our nation has been been the worldwide leader wh
medicare, that's what's on the table from the white house. they believe that's not enough. they want to see the cuts go much further. democrats say, hey, you asked for cuts you want to see. here are some, why don't you give us a number, as well. so that's where we stand right now. i've got to tell you that you've got to believe that some of this is posturing. you know, part of the message war. it's not uncommon to see these deals seem to fall apart before they get put all back together again. certainly time is running out. >> time is awasting here. you mentioned john boehner criticized the president for what he called a victory lap. the president is launching a road show today. he's going to pennsylvania to make his case for his version of resolving the fiscal cliff. what does he intend to say and how does he intend to sell it? >> he's going to pennsylvania, a toymaker to try to drive home this idea of pushing for cuts for the middle class. there's already a senate tax bill that would preserve the tax cuts for the middle-class, something that he believes everyone agrees on. certainly republ
reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining
. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. ,,,, so now's the time. >> absolutely. >> words mean just about everything to the people behind the merriam webster dictionary. >> since 2003 they've chosen the top ten words the year. editor-at-large peter sokolowski is here to announce this year's list. welcome. >> thank you so much. >> what are the 2012 most important words? >> well, our dictionary is online as you mentioned merriam webster.com anyone can come to the dictionary and people look up word. they look them up in enormous numbers, hundred million pages each month. we take a measure of how many times certain words are looked up. the words that spike, that show trends that stick out are the words that become the word the year. >> wh
and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepared to vote for tax increases, first of all, are you prepared to go for higher tax rates at all? >> no. we have to solve this long-term. we have to do some entitlement reform. you will vote for some. >> i rather not do that. i don't think it will solve the problem. connell: that is higher taxes. >> no, no. not necessarily. if you get rid of some of the loopholes, it is not talking about raising -- [talking over each other] >> we have always said we want to broaden the base and lowered the rates. that is the principal where we are trying to move forward. the principle is sound. you have to be coupled with cutting spending. that is the problem we have on the democratic side. we know it is difficult for them. it is not what they want to do. if they are serious about it, they have to give us some specificity. connell: we keep seeing all of these polls were the republicans take the blame whether the president. you buy into that? does that
increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the next ten years. and effectively ending congress' ability to vote on the debt limit. an unlimited ability to borrow more money. republicans may agree to more taxes. but not that much more. and they certainly aren't going to agree to more spending. and they're going to demand real spending cuts. this wouldn't get a single republican vote in congress. >> and they seemed to indicate yesterday, jon, as you point out, that the sides are actually growing farther apart over the last week or ten days, instead of getting together. could we go over that cliff and have everyone's taxes go up on january 1st? >> reporter: i think there's a good chance that, exactly, could happen. you don't need to be a genius where a deal would be. republicans have to agree to some tax increases. and democrats have to agree to some spending cuts. right now, the two sides are far apart. >> 32 days to go. all right, jon karl, thanks very much. >>> sunday on "this week," i'll be putting
from the white house, unspecified cuts to medicare is just not enough. so, that's where we stand with just over a month to go before this big deadline and the holiday break is coming up. >> very concerned about that. the president is taking his pitch to pennsylvania today. what is he going to say to the american people and how does he plan to sell his approach? a lot of people want a plan to pass. >> certainly, polls show there's support for this combination of tax increases and spending cuts. the president is going to a toy manufacturer. the white house says this is the kind of company that relies on middle class companies, the kind of families that could see their taxes go up. this is part of the campaign to continue pushing for what he says both sides agree on. tax rates shouldn't go up for the middle class at least. republica republicans don't want to see them go up for anyone. he talked about the idea of my2k. get involved, talk about what $2 means to them. it's the amount they could see their taxes go up next year. this campaigning is not sitting well with republicans as yo
age in this country. for social security. we have to raise the retirement age for medicare. we have to get serious as they did in 1993 under a democratic president, president bill clinton and say this is the target. $500 billion a year in reduced deficit. and we're going to get there. >> bill: 500 billion a year you would reduce. >> absolutely. >> bill: i would double that i would do a trillion. >> you can't quite get there i think you can get. >> bill: what if i sold rhode island then i could probably get that. [ laughter ] >> bill: chinese would buy it? >> is chafee still going to be government after you sell it. >> bill: who cares. >> he is damaged goods after you took care of him last night. >> bill: i'm trying for a trillion dollars to cut the debt every year. not the deficit. the debt. i'm trying to get enough money in here so that we can go from 16 to 15 to 14, you see? >> we get rid of a trillion dollars very quickly by taking a half trillion a year. >> bill: what you just said is how you get rid of it. you raise the retirement rate for social security for a couple of years.
cuts. nobody wants to be the one to say hey, i'm going to make you work longer, get medicare later, limit how much money you get. that's not politically easy. >> you remember during the campaign, erin, when the democrats ran all these campaigns about paul ryan and the republicans pushing grandma over the edge in her wheelchair. look, the one thing i think we would agree on, you're not going to get anywhere in these negotiations or in terms of reducing this $1.1 trillion deficit if you don't do something about these entitlements. so everyone's kind of waiting, when will the president come forward with those? >> if i could just jump in really quick, one of the problems with entitlement cuts is they don't produce a lot of savings in the first ten years. so, if we're going to be obsessively folked on the ratio between revenue and spending, then republicans are going to be in for some disappointment because all the things they want on entitlements basically phase in. this is consistent what they said about not wanting to change things for people over 55. and the fact that even paul ryan
mostomplet a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> it is a working class town, where charges of corruption and fraud have left taxpayers outraged. the former police chief of bell, california, made a whopping salary, almost a half billion dollars a year. the former chief wasn't charged in the case. and believe it or not, now he says he wants even more money from the city and the state and he's suing to get it. cnn's kyung lah reports now. >> reporter: a 22 year veteran of the bell police force sergeant james cochran is reminded of the corruption that crushed his town at every turn he takes. boarded up buildings, vacant homes and lots and storefront after storefront for lease. but nowhere is a remi
be conceptualized and dealing with medicare premium reimbursement issues -- what is the one singular issue that you're focusing on as far as the top 2%? [talking over each other] >> what is remarkable about this, and this was said on the sunday shows, in this day, in 2012, how-to people are aware of what was a issue that happened in september. the unemployment rate, while it has come down, is still higher when george w. bush extended it. .. now he has also said he is not wedded to every detail of his plan, that he will compromise and he looks forward to concrete proposal that addressed the question of revenue for sale. they are open to revenue. the fate of the raise tax rates on the wealthiest americans. it's mathematically impossible to receive targets necessary or balance in a way that only closes loopholes and tax deductions. both economically -- >> that's been your earlier point. >> depending on the proposal you're talking about. it is either possible to do it if you stick it to them about class and race taxes on the middle class you can tax the wealthiest americans from having to contribute mo
to the federal government without raising rates. >> republicans want to increase the eligibility age for medicare lower a cost of living. president obama's plan raising taxes but medicare and social security will be largely spared. the budget cuts. we're getting an idea about possible long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5%
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